Aave Lands Major Certification as AAVE Price Tests 2022 Lows

Aave Labs earns SOC 2 Type II attestation while AAVE price slides back to 2022 lows. Here’s what analysts and the market are saying.

Aave Labs has earned SOC 2 Type II attestation, covering Security, Availability, and Confidentiality. 

The certification confirms that the company’s internal controls met consistent operational standards over a defined audit period.  It marks a notable compliance milestone for one of DeFi’s largest protocols. 

This comes as AAVE, the protocol’s native token, trades back within its 2022-2023 price range.

Analysts are now watching closely to see whether the token holds support or continues to slide.

Aave Labs Achieves Enterprise-Grade Security Certification

SOC 2 is an audit framework developed by the American Institute of CPAs.

Unlike a Type I review, which checks controls at a single point in time, Type II assesses whether those controls worked effectively over a sustained period.

Aave Labs confirmed that the audit covered its software development methods and day-to-day operational practices.

The attestation applies across all its products, including Aave Pro, Aave Kit, and the Aave App.

The company noted that technical excellence alone no longer satisfies the expectations of institutional partners.

Aave Labs described the certification as part of a broader push toward enterprise-grade standards, which also includes its Aave Horizon initiative. 

Maintaining the attestation requires ongoing testing and refinement of internal controls, according to the official announcement.

AAVE Price Revisits Key Support From Two Years Ago

According to CoinGecko data, AAVE currently trades at $92.49. 

The token recorded a 1.16% gain over the past 24 hours but is down 2.95% over the last seven days.

Trading volume over the same 24-hour window reached $286 million.

Crypto analyst Tindorr pointed out on X that AAVE’s price has returned to levels last seen before the previous hype cycle. 

The analyst noted that the protocol holds around $25 billion in total value locked, yet carries a market cap of just $1.37 billion.

Token supply is also largely unlocked, with 95% of AAVE already in circulation, which limits near-term sell pressure from vesting schedules.

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Bull and Bear Cases Divide Market Watchers on AAVE

Not everyone reads the current setup the same way. Tindorr outlined both sides of the debate directly on X.

On the bullish side, supporters point to Aave’s position as the largest DeFi protocol by TVL.

The anticipated launch of V4, which the analyst described as a major catalyst, also sits high on the list of potential upside drivers.

Bears, however, raise valid concerns. Key contributors, including ACI and several partners, have recently stepped back from the project. 

Tindorr also flagged that V4 is essentially a new product carrying the Aave name, and its adoption is far from guaranteed.

Liquidity migrating from V3 to V4 could also drag TVL figures in the short term. 

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